In our library, you will find the latest financial news, valuable insights and ideas, tips and tricks we've learnt over the years and other helpful educational pieces.
12 December 2022
By Priyanka Luecke
For many younger people, superannuation is generally a low priority on their list of things to consider. Which is why, with a raft of legislative reforms now in play, there are active efforts from Government to engage the younger generation more in their superannuation.
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8 November 2022
By Priyanka Luecke
The term ‘rollover’ refers to transferring money within the superannuation environment. This article discusses the process of doing this through SuperStream, a government reform to improve the efficiency of the superannuation system, and the potential issues some people are experiencing.
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1 November 2022
By Priyanka Luecke
The director identification number is a 15-digit unique identifier that will help prevent the use of false or fraudulent director identities with the new registry services of the Australian Business Registry Services. The purpose of the director ID is to trace directors’ relationships with their companies and prevent illegal phoenix activity.
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1 September 2022
Last year, we shared some information about the requirement for all new and existing directors of a company, registered Australian body, registered foreign company, or Aboriginal and Torres Strait Islander corporation to apply for and obtain a director identification number. We would like to remind existing directors that they must apply for a director ID by 30 November 2022.
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2 July 2021
On 17 June 2021, two long-awaited bills passed through the House of Representatives and the Senate. This includes the Treasury Laws Amendment (Self-Managed Superannuation Funds) Bill 2020 and the Treasury Laws Amendment (More Flexible Superannuation) Bill 2020.
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21 June 2021
Andrew Albury and Brad Hoffman discuss key considerations ahead of the end of the 2020/21 financial year including the bring forward of concessional contributions and the first indexation of the new limits put in place in 2017. If you’d like to discuss EOFY strategies specific to your own circumstances, please get in touch with your adviser.
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24 May 2021
Andrew Albury and Brad Hoffman discuss the key superannuation announcements made by the Federal Government on 11 May including repealing the work test, extending access to downsizer contributions, legacy product conversions, relaxing residency requirements for SMSFs, and the removal of the $450 minimum monthly wage exemption for Superannuation Guarantee.
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11 December 2020
You run a successful business, you are already contributing the maximum deductible amount into your superannuation, and each year, you pay a significant amount of rent for your business premises to your landlord. Wouldn’t it be nice if you could buy your own business premises and pay that rent to yourself?
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8 June 2020
As we approach 30 June, end of financial year planning has become more important than ever. We understand that due to the pandemic, your cash flow and retirement savings may have been severely impacted, your business’s turnover may have decreased substantially, or your regular PAYG instalments (prepaid tax) may have varied. In this paper, we have shared some strategies you may wish to consider.
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28 April 2020
The unfolding health, economic and financial crises triggered by Coronavirus (COVID-19) has resulted in increased levels of unemployment and widespread income reduction, a phenomenon which has prompted many tenants to seek assistance from landlords.
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1 October 2019
By Andrew Albury
The ATO has recently issued notices to close to 18,000 SMSFs flagged as holding 90% or more of their money in just one asset class. The move comes as the ATO renews its focus on SMSF investment strategy requirements, specifically diversification and liquidity risks.
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26 June 2019
By Michelle Dall'Alba
Many women take parental leave at some stage in their career, which can have a significant detrimental impact on a woman’s superannuation balance over her working life. It is important that we as women take some proactive steps to get better outcomes for our retirement. There are a number of actions you can take, no matter what age you are...
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26 June 2019
With 30 June only a few days away, a reminder to finalise any outstanding EOFY transactions and be aware of three important considerations, including minimum pensions, contributions and the Federal Government's "Protecting Your Super Package Act".
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2 April 2019
The Federal Treasurer, Mr Josh Frydenberg, handed down the 2019/20 Federal Budget at 7:30 pm (AEDT) on 2 April 2019. The budget focuses on “restoring the nation's finances”, further strengthening the economy to create more jobs and to “guarantee the essential services”. The superannuation highlights include...
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31 July 2018
By John Barton
With many SMSFs busy finalising their accounts for 2017-18, now is an ideal time of year for trustees to review their fund's portfolio and investment strategies in line with legal requirements and make the changes required to ensure their fund is compliant and on the right track for the coming year.
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8 May 2018
Mr Scott Morrison, the Federal Treasurer, handed down his third Budget on 8 May 2018. Mr Morrison said the Budget is focused on further strengthening the economy to “guarantee the essentials Australians rely on” and “responsibly repair the budget”. The Budget contains a range of measures intended to ensure the integrity of the tax and superannuation system. The super highlights include:
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